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In this video tutorial, hosts Sarah Cage and Adam Olson are joined by Ty Cotter, a lease accounting specialist at Embark. They discuss the implementation of ASC 842, focusing on embedded leases, particularly for private companies that adopted the new guidance in 2022. The conversation aims to assist companies in identifying all their leases and serves as a refresher for those who have already adopted the standards. Adam emphasizes the importance of understanding the definition of a lease under U.S. GAAP before delving into embedded leases. The session promises valuable insights and discussions on key considerations related to lease accounting.